29 Ekim 2024
29 Ekim 2024
Cumhuriyet, hukukun üstünlüğü ve bireysel özgürlüklerin teminatıdır. Gazi Mustafa Kemal Atatürk’ün mirasını yaşatmak ve daha aydınlık bir gelecek için çalışmaya devam edeceğiz.
Cumhuriyet Bayramımız kutlu olsun!
HABERLER & YAYINLAR
A New Era for Real Estate Investment Funds
The Communiqué Amending the Communiqué on Real Estate Investment Funds (III-52.3) (“Communiqué”), published in the Official Gazette on 17 July 2024, Issue No. 32604, aims to boost contributions to real estate investments, a sector with significant transaction volume in the Turkish economy. Under the Communiqué, application procedures for Real Estate Investment Funds (“REIFs”) have been streamlined, enabling the issuance of participation shares linked to an umbrella fund. Additionally, “project” REIFs are now permitted to invest in projects where more than half of the total gross area of independent units is designated for residential use, as verified by independent real estate appraisal firms.
HABERLER & YAYINLAR
Independent and Perpetual Construction Right
The construction right among the limited real rights is regulated between Articles 726, 826 and the rest of Turkish Civil Code, granting holder the authority to construct or maintain a structure either above or below someone else's land and the ownership of that structure. If the construction right is independent and perpetual, it is recorded as "immovable" on a separate page in the land registry upon request of the right holder.
